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I have commented here and in other messages that the Austin-area residential market remains more unpredictable than we have experienced for much of this very long market cycle. In the coming days, I provided a complete update of my Market Dashboard with refined data from the Texas A&M Real Estate Research Center, but this post … Continue reading
2023 was a challenging year for residential real estate, but the Austin-area market should see better conditions in 2024. Continue reading
The Two Big Issues the Housing Market’s Facing Right Now The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of not finding something to buy.” … Continue reading
The last 2-plus years have seen extraordinary market conditions in the Austin metro, but we seem to be moving back toward “normal” now. Here are some important indicators. Continue reading
Some have begun to ask if we’re in a housing bubble. Here is some important information to show that we are NOT. Continue reading
The Austin-area residential market in 2022, so far, is marginally “calmer” than 2021, but our supply and demand issues continue. Continue reading
The extreme pace of price growth in the Austin market has calmed somewhat in recent months, but our housing supply shortage is not easing. 2022 will likely be challenging — again. Continue reading
The Austin residential market continues significantly under-supplied, with resale listing inventory at its lowest since June 2021. Could 2022 repeat the bidding wars and rising prices we saw last year? Continue reading
For the first time in months, we saw the gap between sales and listings close in July. We gained meaningful housing inventory for the first time in months. The crazy market isn’t done yet, but there are signs of progress. Continue reading
We are not out of the woods by any means from a supply vs. demand prespective, but this extraordinary boom doesn’t look or feel like what we saw in 2007-2008. Continue reading
Bill Morris on Austin Real Estate 